Leslie Moonves

CBS sales improve on subscriber growthCBS Corp. reported higher-than-expected sales in its latest period as the company added more subscribers across its pay-TV and direct-to-consumer channels. Revenue climbed 13% to $3.76 billion, topping analysts' expectations of $3.64 billion in sales. Shares rose 2.2% to $49.80 in after-hours trading.

CBS swings to quarterly profit, reports sales beat; shares rise 2%Shares of CBS Corp. rose more than 2% late Thursday after the media company reported first-quarter sales and profit above Wall Street expectations. CBS said it earned $511 million, or $1.32 a share, in the quarter, versus a loss of $252 million, or 61 cents a share, in the year-ago period. Revenues rose 13% to $3.8 Billion, from $3.4 billion a year ago. Analysts polled by FactSet had expected earnings of $1.18 a share on sales of $3.6 billion. "Looking ahead, we are confident that the demand for our programming will only increase when we unveil our new primetime lineup for the CBS Television Network later this month," Chief Executive Leslie Moonves said in a statement. The company's affiliate and subscription fee revenues were up 16%, led by 25% higher retransmission revenues and fees from CBS Television Network, CBS said. Shares ended the regular trading day down 0.5%.

CBS makes an offer for Viacom — below its $12.5 billion market value CBS’s proposal could be the beginning of a negotiation, if Viacom rebuffs the offer and pushes for better terms.The all-stock initial bid is contingent on CBS’s management team being at the helm of the merged entity, according to people familiar with the matter. The proposal could be the beginning of a negotiation.

Do CEOs earn too much money? This chart may help answer that questionCost-estimating website HowMuch.net offers some perspective on how a CEO’s pay correlates with the amount of revenue his or her company books

Shari Redstone wants new CBS directors amid renewed push to merge company with Viacom Shari Redstone reached out to CBS Chief Executive Leslie Moonves to jump-start talks about merging CBS and Viacom—potentially as soon as this quarterShari Redstone is advocating for new blood on the board of CBS Corp. as she renews her push to merge the company with Viacom Inc., according to people familiar with the matter.

Shari Redstone pushing for new CBS directors: WSJShari Redstone, the president of National Amusements, which owns a controlling interest in Viacom Inc. and CBS Corp. , is pushing for new directors on the CBS board, according to a report in The Wall Street Journal, as she tries to convince the two companies to merge. Shares of Viacom were up nearly 3% during intraday trade on Wednesday, while CBS shares dipped more than 1%. The report says Redstone approached CBS Chief Executive Leslie Moonves to reengage in talks to merge with Viacom. Moonves has not been keen on merging the two companies, which split in 2005. Media reports last weekend suggested that the two were . Shares of Viacom are down nearly 17% in the last 12 months and shares of CBS are down close to 6%. By comparison, the S&P 500 index is up almost 24% and the Dow Jones Industrial Average is up 30%.

Streaming services help fuel growth at CBS Affiliate and subscription revenue overtook advertising sales as the biggest money-maker for CBS Corp. in the most recent quarter as the broadcaster ramps up its streaming offerings. Affiliate and subscription fees, which include revenue from streaming services and traditional bundles, jumped 52% in the period, helped by sales of the pay-per-view boxing match between Floyd Mayweather and Conor McGregor, as well as subscriber growth at the company's streaming services.

Can ‘Star Trek: Discovery’ help make CBS’s stand-alone streaming pursuit successful? CBS is the top content play in the media space, according to Benchmark analyst Daniel KurnosCBS Corp. said on Tuesday that its streaming service CBS All Access has seen a record number of new subscribers in a single week, driven by the debut of its new original series “Star Trek: Discovery.”

CBS is taking a shot at a new digital sports network Media company sales surge in latest period on basketball, streaming servicesCBS Corp. is ramping up its digital efforts by expanding its online streaming service “All Access” abroad and launching a new digital sports network later this year in the U.S.

CBS earnings boosted by 'Twin Peaks,' Final FourCBS Corp. revenue beat analyst projections in a Monday report, which the company credited to content like the "Twin Peaks" reboot and the NCAA basketball tournament. CBS reported net income from continuing operations of $397 million, or 97 cents a share, on sales of $3.26 billion, up from profit of 82 cents a share on sales of $2.98 billion in the year-ago quarter. Analysts on average expected adjusted earnings of 97 cents per share on revenue of $3.1 billion, according to FactSet. CBS Chief Executive Leslie Moonves said in the announcement that the new "Twin Peaks" show "boosted OTT subscriptions dramatically" for the Showtime streaming service, and the company said ad revenues were helped by the semifinals and finals of the NCAA men's basketball championships.

CBS taps Facebook executive for digital ad pushCBS Corp. has tapped a former Facebook marketing executive for a senior post as part of a restructuring of its advertising sales unit aimed at capturing more revenue from digital platforms. David Lawenda, who was head of U.S. global marketing solutions at Facebook until March, will become executive vice president of digital sales and sales strategy for CBS Corp.

CBS Entertainment to restructure leadership after CEO Glenn Geller steps downGlenn Geller, president at CBS Entertainment, is stepping down two months after suffering a mild heart attack. Geller, who's served as CEO since 2015, took a leave of absence and was expected to return at the end of May. CBS Corp. will restructure the leadership at its entertainment division, putting 21-year veteran Kelly Kahl at the top with CW executive Thom Sherman, according to media reports. The CW is owned by CBS and Time Warner Inc. . Last week, CBS extended Chief Executive Leslie Moonves's contract through 2021. Shares of CBS are down more than 3% in the year to date, but have gained more than 12% in the trailing 12-month period. The S&P 500 index is up nearly 8% in the year and 15% in the last 12 months.

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